Reuters Asia Business

SHANGHAI/SINGAPORE (Reuters) – Morgan Stanley said on Thursday it looks forward to setting up a futures company in China after the country’s securities regulator accepted its application. China Securities Regulatory Commission (CSRC) accepted Morgan Stanley’s application to open up a futures business in the world’s second-largest economy on Monday, according to CSRC’s website. A Morgan …

Morgan Stanley a step closer to setting up futures company in China Read More »

By David Shepardson (Reuters) – Honda Motor said Thursday it is recalling 563,000 CR-V sport utility vehicles sold or registered in cold weather U.S. states because road salt may cause the frame to corrode and possibly detach the rear trailing arm. The recall covers 2007 through 2011 model year CR-V vehicles in 22 states and …

Honda recalls SUVs in cold weather U.S. states over rust risk Read More »

By Andrea Shalal WASHINGTON (Reuters) – International Monetary Fund chief Kristalina Georgieva said she told China’s new top economic official, Li Qiang, that China must accelerate its work to reach debt restructuring agreements for countries like Zambia, Ghana and Ethiopia. Georgieva, who met with Li and other top Chinese officials during a visit to China …

IMF’s Georgieva says she told China to ‘speed up’ work on debt restructuring Read More »

By David Shepardson (Reuters) – Two U.S. senators proposing to give the Biden administration new powers to ban Chinese-owned short video app TikTok on Thursday rejected criticism arguing it is the best way to address security concerns about a broad range of foreign-owned apps. Senators Mark Warner, a Democrat and John Thune, a Republican, last …

US senators defend push to give Biden new tools to ban TikTok Read More »

By Joe Brock SINGAPORE (Reuters) – Chinese state-owned telecom firms are developing a $500 million undersea fiber-optic internet cable network that would link Asia, the Middle East and Europe to rival a similar U.S.-backed project, four people involved in the deal told Reuters. The plan is a sign that an intensifying tech war between Beijing …

Exclusive-China plans $500 million subsea internet cable to rival U.S.-backed project Read More »

LONDON (Reuters) – Investors ploughing into Chinese stocks and bonds lifted emerging market portfolio flows for a third straight month in March, data from the Institute of International Finance (IIF) showed on Thursday. Overall, investors put $9.4 billion into emerging markets, including $6.8 billion into stocks and $2.6 billion into debt securities. The combined monthly …

Investors pour into Chinese stocks, bonds lifting March EM capital flows – IIF Read More »

By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain at around 3% for the next five years, Managing Director Kristalina Georgieva said on Thursday, flagging increased downside risks. That is the global lender’s lowest medium-term growth forecast since 1990, and well below …

IMF’s Georgieva sees global growth below 3% in 2023, robust recovery ‘elusive’ Read More »

By Michel Rose, Sophie Yu and Tim Hepher BEIJING/PARIS (Reuters) -Europe’s Airbus moved to double capacity in China and strengthen access to the world’s second-largest aviation market by agreeing on Thursday to build a second Chinese assembly line, as domestic travel returns to pre-pandemic levels. The world’s largest planemaker, which has overtaken Boeing as a …

Airbus to open new China assembly line amid recovery Read More »

By Norihiko Shirouzu, Joseph White and Maki Shiraki (Reuters) – After making sweeping changes to its leadership team, Japan’s Toyota Motor Corp is looking at a factory floor overhaul as it maps out a move to a new, dedicated platform for battery electric vehicles, four people familiar with the matter said. Koji Sato may confirm …

Toyota looks to overhaul EV strategy as new CEO takes charge Read More »

By Jeslyn Lerh SINGAPORE (Reuters) – Residual fuel oil stocks at key trading hub Singapore climbed to its highest in over a year, official data showed Thursday, as storage demand remained firm. Onshore fuel oil stocks rose 5% to 23.74 million barrels (3.74 million tonnes) in the week to April 5, last higher in February …

Singapore fuel oil stocks rise to over one-year high Read More »